It actually depends on your individual’s choice of investment. Research is the key. Don’t just listen to other people’s ideas and advices but have your own research and analysis on what kind of investment that will work for you. If you prefer long term investment, then I suggest focus on bitcoin. But if you are after with short term investments, altcoins are seen more profitable but make sure that you are hodling on highly potential altcoins that don’t easily lose their value and fall into zero. Otherwise, you will only fall on its trap as altcoins are nothing but a pump and dump scheme.
I have made significant profits with both bitcoin and altcoins. However, if you chose to invest with lower risk yet the profits are life changing, then stick to bitcoin. But never expect huge profits too quickly as bitcoin will surely be incapable of that. Just invest and hold it for long term. You will certainly not lose if you sell high and buy low, simple but tested and proven strategy.
Topic: Should I go with Bitcoin or Altcoins for the upcoming bull run cycle? - page 2. (Read 1445 times)
November 17, 2023, 07:21:59 AM
November 17, 2023, 07:04:17 AM
As good as this may sound, you failed to add that the $30,000 you borrowed could become 0$ if care is not taken. As far as altcoins are concerned, nothing is guaranteed, it could swing both ways. So, while you are expecting to see your $30,000 become $300,000, also expect it to become $1.
You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
Bitcoin can swing in anyways, but with knowledge and understanding of Bitcoin you can achieve success, it’s not wise to invest what you don’t know, that is why it is important to know have idea on what you’re doing than to invest blindly, the market is very volatile one and the risk involved is not undisputed, people need to understand that they are losses in investing in bitcoin.You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
When you invest in Cryptocurrencies, always invest the amount you are ready to lose. There is a huge fluctuation on daily basis. One day you might be the King and the other day you won’t be near to a beggar, yes that happens. Bitcoin fell from $34 to $1 to reach $100 in 2011. You must invest only if you are ready to lose the money. On the other hand, you can make 2 times, 5 times, 100 times profit for the risk you bear. Coming to Bitcoin vs Altcoin, Investing in Bitcoin is a safer option, but the growth in Altcoin is tremendous and quick. There are many Altcoin which grew around 1000% in 8 months. With such profit, risk follows. While Altcoin is riskier when compared to Bitcoin. Bitcoin has a stable growth & drop, but Altcoin growth and drop is exponential.
Altcoins could make you a millionaire in less than a week and could also make you broke in less than a day.
No one is disputing the relevance and importance of knowledge and information in this space, however, special care must be taken when investing in altcoins.
Bitcoin could swing in any direction, agreed, but with Bitcoin, you are sure of growth, regardless of what the present circumstances may be.
November 17, 2023, 05:17:06 AM
OP, everyone has his or her own choice of investment regarding cryptocurrency in general, you are meant to make your choice regardless of any advice you get here, but the truth is going by the happenings in the digital currency world bitcoin remains unbeatable for now, pending if there will be another stuff that will be created to overrun it, practical example this my comment is, whenever thereby appreciation in Bitcoin price other crypto currency follows that's to say that bitcoin control other crypto in terms upward and downward price, so tell me OP, if you were to chose now which of these will you go for, altcoin or Bitcoin, am convinced that you actually know what to do, you just wanted more insight. Am not over parsing bitcoin, I don't want to be misunderstood by the audience, I just feel that, it is better to say what I know than to lead people astray, if it is in terms of diversification or making alternatives to you investment, this is when we can talk about altcoin.
November 17, 2023, 02:07:45 AM
In summary: Starting with an initial investment of $26,000, you could potentially make $370,000 - $420,000.
and also this is obviously something that others will not follow because this is Bitcoin section and most of people here are Bitcoin supporters .
Most people know that Bitcoin has been tested for long-term holdings, and if you want short-term trading, it is also possible as long as you have deep experience in daily trading.
Now, if you really want to experience large-scale income here in cryptocurrency, you just need to be ready to take a risk in new altcoin projects. It requires a wise choice and proper research so that the capital you will use here is not wasted.
Risking is part of crypto journey as from day 1 we already have that situation and we already accept that , yes I am also in diversification but adjusting or borrowing to buy altcoin will never be in my option , instead I will continue my holding . Now, if you really want to experience large-scale income here in cryptocurrency, you just need to be ready to take a risk in new altcoin projects. It requires a wise choice and proper research so that the capital you will use here is not wasted.
November 17, 2023, 01:41:18 AM
They have already told you, it is the bitcoinn, the alts are not safe, if you want something secure you can venture to buy rq bticoin, because it is the most secure it gives, for now for a lifetime, the rest you still have to complicate and possibly lose money Well, buy an alt because it is what we do to make our lives easier that alts make money? Yes, they give it, but just as they give it, they are the most unsafe there is, if you want security, buy bitcoin, there is no loss there, buy the amount you want, because in a while, because you don't know when, it will go up a lot, and if you buy Now you will have more beneficial earnings because if it rises to more than 100 thousand USD you will be grateful.
There is no doubt that bitcoin is a better choice because as stronger the bitcoin is no altcoin become so stronger ever. In my opinion no other coin can be more moneymaking than bitcoin so if we choose altcoins then some of these are also moneymaking but in comparison bitcoin will always win. In term of trust and existence bitcoin is more valuable whereas altcoins existence has no guarantee.
Altcoins can sometimes give huge profit but as there is a doubt about its existence so its huge profit is neglected because they can easily disappear in a day. Buying bitcoin will be profitable now as present worth can determine your profit during halving.
November 17, 2023, 12:22:10 AM
I am never going to be one of those that believe that altcoins are not worth investing your money on, because altcoins play a big part on my journey to success in the past years, the only thing here is understanding the difference between altcoins and Bitcoin investment, and the best advice is to never put all your eggs into one basket.
Altcoins investment Facts.
1. Most altcoins don't ever see a new all time high again, once they do well in a bull market it's over for them.
2. Most altcoins won't survive in a bear market, before a new bull market gets here they would have died.
3. It's only in altcoins space that scams exists, there are many new projects that are showing up only to take peoples money and exit liquidity on the investors.
4. New altcoins brings the biggest ROI but they are also the most risky investment, if they go down they go down hard and fast.
Bitcoin investment Facts.
1. There is no reason to be scared of scam when investing in Bitcoin, it isn't a smart contract enabled project like Ethereum.
2. Bitcoin always makes a new all time high.
3. You only lose if you sell your Bitcoin, unlike altcoins that can go down and never go up while you holding them.
4. You need good amount of money invested in Bitcoin to make better ROI, Compared to altcoins, investing only 100$ in a good alt can bring you better ROI than investing 100$ in Bitcoin.
In fact, investing in altcoins as you mentioned is basically very high risk, and it has been proven that many people suffer losses due to investing in altcoins, but most people always have a greedy nature and want to get big profits, including myself, I also always have a greedy nature, because I also always invest in altcoins, but of course I am ready to take the risk if I experience a loss investing in altcoins.Altcoins investment Facts.
1. Most altcoins don't ever see a new all time high again, once they do well in a bull market it's over for them.
2. Most altcoins won't survive in a bear market, before a new bull market gets here they would have died.
3. It's only in altcoins space that scams exists, there are many new projects that are showing up only to take peoples money and exit liquidity on the investors.
4. New altcoins brings the biggest ROI but they are also the most risky investment, if they go down they go down hard and fast.
Bitcoin investment Facts.
1. There is no reason to be scared of scam when investing in Bitcoin, it isn't a smart contract enabled project like Ethereum.
2. Bitcoin always makes a new all time high.
3. You only lose if you sell your Bitcoin, unlike altcoins that can go down and never go up while you holding them.
4. You need good amount of money invested in Bitcoin to make better ROI, Compared to altcoins, investing only 100$ in a good alt can bring you better ROI than investing 100$ in Bitcoin.
In fact, investing in Bitcoin requires a large amount of capital because with small capital it will be difficult to get large profits, but I also invest in BTC, there is no doubt because only investing in BTC is the safest and I myself always invest large.because I believe investing in btc is the safest as you mentioned.
However, investing in altcoins and BTC is certainly not free from risks, the most important thing is to only invest money that you are ready to lose. and in this case it depends on an investor's knowledge in managing their assets.
November 16, 2023, 06:00:46 PM
I will advice you to go into bitcoin instead of altcoins investment so therefore I have to in other ways understand the difference between altcoins and bitcoin, altcoins does not have the courage and potential bitcoin has and that is why everyone is investing in bitcoin instead of altcoins, when you come in terms of potential is bitcoin when you xome interms of coins that survive bullrun and bullish is same bitcoin who survive all this things without all this kind of things, so therefore, you can neither invest in bitcoin or you invest in altcoins depends your plan's
November 16, 2023, 05:49:33 PM
Most people know that Bitcoin has been tested for long-term holdings, and if you want short-term trading, it is also possible as long as you have deep experience in daily trading.
Now, if you really want to experience large-scale income here in cryptocurrency, you just need to be ready to take a risk in new altcoin projects. It requires a wise choice and proper research so that the capital you will use here is not wasted.
Now, if you really want to experience large-scale income here in cryptocurrency, you just need to be ready to take a risk in new altcoin projects. It requires a wise choice and proper research so that the capital you will use here is not wasted.
November 16, 2023, 05:36:19 PM
Investing in altcoins is not a wise option when we talk about an asset. They are not an asset except a few coins; most of them are just garbage. You can only get profit from altcoins if you are lucky. Mostly people lose their investments in altcoins because of scams. Altcoins are just a waste of time and money.
Bitcoin is the best option to invest. Invest now and exit at the ATH/ set price target. After the BTC bull run, if you are still interested in making some bucks, invest in potential altcoins such as ETH, SOL, etc., because after the BTC bull run, there will surely be an altcoin season.
Altcoins only add to the high risk of losing when we are investing that's why we should learn to avoid them as much as possible most especially those new too good to be true projects that suddenly arise in the market. Instead, stick to bitcoin for better and positive results especially if you are still in the process of building your wealth in your investment portfolio.Bitcoin is the best option to invest. Invest now and exit at the ATH/ set price target. After the BTC bull run, if you are still interested in making some bucks, invest in potential altcoins such as ETH, SOL, etc., because after the BTC bull run, there will surely be an altcoin season.
However, that does not mean that you will not invest in altcoins anymore in your whole life. Of course, you also need to explore the world of altcoins but make sure to do it when you are already an experienced investor so that you will come to invest wisely and cautiously.
November 16, 2023, 05:34:45 PM
I do not deny that bitcoin is the best coin on the market because not only the profits it brings but also the utilities and practical applications of bitcoin are superior to all altcoins. But is it correct to say that all altcoins are scams and do not bring us profit? ETH, ADA, BNB... and even dogecoin have been bringing thousands of percent profits to many different investors. Not all are scams but they are riskier than bitcoin. You should not exaggerate bitcoin and altcoins more than necessary.
Those who overestimate the risk of all altcoins do not have any analysis of these altcoins, they are only afraid of fluctuations, even though the top altcoins such as ETH, BNB, SOL, DOGE, etc.
are still quite worth it to buy with the aim of making profits in the upcoming bull run.
Seeing how Altcoin risk is compared to Bitcoin, of course, Bitcoin will have an influence on all existing altcoins,
but we can see what altcoins are able to survive and offset the price of Bitcoin.
I myself still have ETH which I hold for the long term,
and it is my long-term investment for Altcoin and of course, Bitcoin is the main investment.
I have seen altcoins that only last three to 4 months. They are pump and dump. Only for those few short term goals that is advisable but for the long term I wouldn't advice anyone to invest in them.
You are holding ETH for the long term purposes, perhaps you are storing it in an exchange. Look at the high price of transaction fee for ETH then also imagine a decade to come what will be the cost. ETH investors who DCA are taking the risk of storing their coin in a CEX.
November 16, 2023, 05:23:40 PM
I do not deny that bitcoin is the best coin on the market because not only the profits it brings but also the utilities and practical applications of bitcoin are superior to all altcoins. But is it correct to say that all altcoins are scams and do not bring us profit? ETH, ADA, BNB... and even dogecoin have been bringing thousands of percent profits to many different investors. Not all are scams but they are riskier than bitcoin. You should not exaggerate bitcoin and altcoins more than necessary.
Those who overestimate the risk of all altcoins do not have any analysis of these altcoins, they are only afraid of fluctuations, even though the top altcoins such as ETH, BNB, SOL, DOGE, etc.
are still quite worth it to buy with the aim of making profits in the upcoming bull run.
Seeing how Altcoin risk is compared to Bitcoin, of course, Bitcoin will have an influence on all existing altcoins,
but we can see what altcoins are able to survive and offset the price of Bitcoin.
I myself still have ETH which I hold for the long term,
and it is my long-term investment for Altcoin and of course, Bitcoin is the main investment.
We need to note that we are here to invest, to make money, we are not here to worship anyone. So, there is nothing wrong with us only holding bitcoin without paying attention to any altcoins, but this will cause us to miss out on a lot of other opportunities. We always criticize and believe that traditional investors are outdated and outdated when they ignore bitcoin and are only loyal to gold and real estate. But we also accidentally become like them when we stubbornly stay with bitcoin and ignore many other opportunities. Why don't we take advantage of the high volatility of some altcoins to increase capital and accumulate long term in bitcoin? That's what I did and during the recent bull run I made quite a profit from altcoins. I plan to take those profits and accumulate more bitcoin and I'm waiting for bitcoin to correct.
November 16, 2023, 03:43:29 PM
Investing in altcoins is not a wise option when we talk about an asset. They are not an asset except a few coins; most of them are just garbage. You can only get profit from altcoins if you are lucky. Mostly people lose their investments in altcoins because of scams. Altcoins are just a waste of time and money.
Bitcoin is the best option to invest. Invest now and exit at the ATH/ set price target. After the BTC bull run, if you are still interested in making some bucks, invest in potential altcoins such as ETH, SOL, etc., because after the BTC bull run, there will surely be an altcoin season.
Altcoins only add to the high risk of losing when we are investing that's why we should learn to avoid them as much as possible most especially those new too good to be true projects that suddenly arise in the market. Instead, stick to bitcoin for better and positive results especially if you are still in the process of building your wealth in your investment portfolio.Bitcoin is the best option to invest. Invest now and exit at the ATH/ set price target. After the BTC bull run, if you are still interested in making some bucks, invest in potential altcoins such as ETH, SOL, etc., because after the BTC bull run, there will surely be an altcoin season.
However, that does not mean that you will not invest in altcoins anymore in your whole life. Of course, you also need to explore the world of altcoins but make sure to do it when you are already an experienced investor so that you will come to invest wisely and cautiously.
November 16, 2023, 03:34:54 PM
The safest choice will always be shooting for bitcoin. There have been numerous instances where altcoins and shitcoins failed to impress the people, even in situations where it's almost a no-brainer that the market will pump like hell. But no matter the season or the setup, bitcoin will remain profitable. How so? Because it's the most consistent out there.
Buy bitcoin today and hold on it for dear life and you'd realize that in a span of a few months or years depending on when you bought bitcoin, you're earning money by the dividends. This is no surprise. bitcoin's been one of the most consistent and safest choices out there for cryptocurrencies, especially when a bull run is speculated. If you're a newbie, build your wealth with bitcoin, once you gain a sizable investment profile, start diversifying your portfolio by buying worthwhile altcoins on the market.
Buy bitcoin today and hold on it for dear life and you'd realize that in a span of a few months or years depending on when you bought bitcoin, you're earning money by the dividends. This is no surprise. bitcoin's been one of the most consistent and safest choices out there for cryptocurrencies, especially when a bull run is speculated. If you're a newbie, build your wealth with bitcoin, once you gain a sizable investment profile, start diversifying your portfolio by buying worthwhile altcoins on the market.
November 16, 2023, 03:25:17 PM
Many people in the crypto market are still uncertain about which type of asset to hold onto for the upcoming growth cycle of the crypto market: Bitcoin or Altcoins.
Referring to altcoins as "assets" makes no sense since at best they are a worse version of penny stocks which are garbage stocks from garbage companies 99% of which have no future whatsoever. Altcoins are the same, majority of them are absolutely useless and they are all created for pump and dumps which are risky to get involved in.In any case, during the "bull cycles" if anyone wants to touch altcoins they should firs prepare themselves for the concept of pumps and dumps otherwise they will be dumped on and become bag-holders. It is of paramount importance to know when to sell altcoins and how to do it quickly.
This is why we always suggest newcomers to stick to bitcoin alone.
So my advice is to focus on bitcoin if you aim to maximize your investment profits when bull run comes. When you already create a massive profits on your own, then its not bad at all to risk some small amount on altcoins but make sure to sell them instantly before their prices dump in the market.
November 16, 2023, 02:12:05 PM
BTC Only don’t touch alts
I am also a newbie here, what do you think is the 2nd best coin in the market? I do want to invest in Bitcoin and some top altcoins. Can someone enlighten me about how the market works and what are the do's and don't? Thank you!
They have already told you, it is the bitcoinn, the alts are not safe, if you want something secure you can venture to buy rq bticoin, because it is the most secure it gives, for now for a lifetime, the rest you still have to complicate and possibly lose money Well, buy an alt because it is what we do to make our lives easier that alts make money? Yes, they give it, but just as they give it, they are the most unsafe there is, if you want security, buy bitcoin, there is no loss there, buy the amount you want, because in a while, because you don't know when, it will go up a lot, and if you buy Now you will have more beneficial earnings because if it rises to more than 100 thousand USD you will be grateful.
November 16, 2023, 02:11:00 PM
Looks like this a personal preference type of question, doesn't really feel like it should be something that some other person could tell you, I agree with that. I mean I personally will do like %50+ bitcoin, I know that much, I will have some other coins too, but bitcoin is a must for me, in fact if I turn to %100 bitcoin right now, I would not really feel bad about it neither (maybe I will) and I think that is the most epic approach to crypto and the bull run. HOwever, that is totally me, I do not think that I would tell anyone what to do, I would just let those people end up making their decision, and I would not tell you to go get bitcoin or altcoin neither, that just doesn't make sense.
November 16, 2023, 02:06:01 PM
There is this one trading habit that I learned from one successful trader that I applied in my trading journey, which is finding a respective pair, then studying its behavior and performance, and sticking to trading that one particular pair, it has also yielded a lot of positive results in my trading journey and I do use the same method most times when it comes to doing investments in the crypto space which I stick my investment in Bitcoin as a most secure crypto asset or sometimes I invest in one or two -three historically good performing crypto asset and stick to them, so It is left to you what you find good in investing your money.
November 16, 2023, 01:26:49 PM
As good as this may sound, you failed to add that the $30,000 you borrowed could become 0$ if care is not taken. As far as altcoins are concerned, nothing is guaranteed, it could swing both ways. So, while you are expecting to see your $30,000 become $300,000, also expect it to become $1.
You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
Bitcoin can swing in anyways, but with knowledge and understanding of Bitcoin you can achieve success, it’s not wise to invest what you don’t know, that is why it is important to know have idea on what you’re doing than to invest blindly, the market is very volatile one and the risk involved is not undisputed, people need to understand that they are losses in investing in bitcoin.You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
When you invest in Cryptocurrencies, always invest the amount you are ready to lose. There is a huge fluctuation on daily basis. One day you might be the King and the other day you won’t be near to a beggar, yes that happens. Bitcoin fell from $34 to $1 to reach $100 in 2011. You must invest only if you are ready to lose the money. On the other hand, you can make 2 times, 5 times, 100 times profit for the risk you bear. Coming to Bitcoin vs Altcoin, Investing in Bitcoin is a safer option, but the growth in Altcoin is tremendous and quick. There are many Altcoin which grew around 1000% in 8 months. With such profit, risk follows. While Altcoin is riskier when compared to Bitcoin. Bitcoin has a stable growth & drop, but Altcoin growth and drop is exponential.
November 16, 2023, 06:44:01 AM
As good as this may sound, you failed to add that the $30,000 you borrowed could become 0$ if care is not taken. As far as altcoins are concerned, nothing is guaranteed, it could swing both ways. So, while you are expecting to see your $30,000 become $300,000, also expect it to become $1.
You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
You have to be very wise with your investment plans. You could make quick bucks from altcoins, and I you can also lose all, that's the bottom line.
November 16, 2023, 12:21:11 AM
Safe thing is always to hold Bitcoin. You get safety plus large asset appreciation. Altcoins you get no safety and maybe larger asset appreciation, and you have to try to pick and choose which ones, and if you choose wrong you are much worse off than if you got Bitcoin.
Basically, anyone who doesn't already have a lot of Bitcoin, shouldn't bother with altcoins. Altcoins are for people who have already loaded up on Bitcoin and want to play around with some speculative money on these purely speculative tokens that are essentially only for trading. Most people are going to lose money if they get into altcoins.
Basically, anyone who doesn't already have a lot of Bitcoin, shouldn't bother with altcoins. Altcoins are for people who have already loaded up on Bitcoin and want to play around with some speculative money on these purely speculative tokens that are essentially only for trading. Most people are going to lose money if they get into altcoins.
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